563g.16—Delayed or continuous offering and sale of securities.
Any offer or sale of securities under § 563g.2 of this part may be made on a continuous or delayed basis in the future, if:
(a)
The securities would satisfy all of the eligibility requirements of the Commission's Rule 415, 17 CFR 230.415; and
(b)
The association issuing the securities is in compliance with the Office's regulatory capital requirements during the time the offering is made.